Redington (India) Limited announced that at the meeting of board of directors held on May 22, 2019, it has recommended dividend of INR 3.30 per equity share (165% on the face value of INR 2 per equity share) for the year ended March 31, 2019. Dividend on its approval by the members at the upcoming AGM scheduled to be held on July 30, 2019, will be paid from August 27, 2019.

The company also announced that term of appointment of Mr. E. H. Kasturi Rangan as Whole Time Director of the Company expires on May 23, 2019, to focus on the new assignment, Mr. Kasturi Rangan stepped down from whole time director of the company. Upon the recommendation of the Nomination and Remuneration Committee, Mr. S.V. Krishnan, Chief Financial Officer of the Company is appointed as Whole time Director for a term of 3 years with effect from 22nd May 2019, subject to the approval of the members at the upcoming Annual General Meeting.